GOP/TAXES/TRUMP AS PRESIDENT: “Senate Republicans are considering whether to cut the corporate tax rate less deeply than President Donald Trump has demanded, a move that could make it easier to pass the tax bill they voted to begin debating Wednesday [11-29-17].
One of the most significant unresolved issues is whether the corporate tax rate should be set above the 20% threshold Mr. Trump has sought and how aggressively the administration would fight an attempt to set it higher. A final vote in the Senate could come as early as Thursday night.
Bumping that rate to 21% or 22% is attractive to Republicans looking for money to expand the child tax credit, preserve a property-tax deduction or make other changes. Each point raises about $100 billion over a decade. Under current law, the corporate tax rate stands at 35%…
But going higher than 20% for the corporate rate could split the party.”
-Siobhan Hughes and Richard Rubin, “Corporate Tax Rate in Flux as Senate Votes to Open Debate,” The Wall Street Journal online, Nov. 29, 2017 10:42pm